Asia Pacific Pet Food Market Size, Share & Industry Trends Analysis Report By Pet Type, By Food Type (Dry Food, Wet Food, Treats & Snacks and Others), By Sales Channel, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Pet Food Market would witness market growth of 4.3% CAGR during the forecast period (2021-2027).
In order to provide pets with a complete and balanced diet, pet food manufacturers use a variety of components. Preservatives, conditioning agents, emulsifiers, stabilizers, and colouring or flavouring alternatives are all used as additions in pet food.
The market growth is mostly determined by the rate of urbanization; infrastructure modifications over the last two decades indicate a very positive and rapid trend in this direction. The initial deadlock created by Indian consumers' excessive pet expenditures is gradually giving way to a sense of pet humanization and sensitivity, as evidenced by the rapid increase in adoption rates. As a result, rising concerns about pet health and nutrition are propelling the market forward.
Various governments have taken steps to promote the use of safe and healthy products in order to improve the general health of pets. To preserve pet health and control the manufacturing process, the Japanese government enacted the Law for Ensuring the Safety of Pet Food, which applies to pet food manufacturers, importers, and wholesalers. Such measures would help to propel the pet food sector as a whole. Therefore, these factors are anticipated to fuel the growth of the regional pet food market during the forecasting period.
The China market dominated the Asia Pacific Pet Food Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.5 billion by 2027. The Japan market is expected to witness a CAGR of 3.7% during (2021 - 2027). Additionally, The India market is expected to witness a CAGR of 4.9% during (2021 - 2027).
Based on Pet Type, the market is segmented into Dog, Cat and Others. Based on Food Type, the market is segmented into Dry Food, Wet Food, Treats & Snacks and Others. Based on Sales Channel, the market is segmented into Specialized Pet Shops, Supermarkets & Hypermarkets, Online Sales Channel and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Pet Food Market is Projected to reach USD 113.7 Billion by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Unicharm Corporation (The Hartz Mountain Corporation), Farmina Pet Foods Holding B.V., Nestle S.A. (Nestle Purina), General Mills, Inc., Mars, Inc., The Colgate-Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., and Archer Daniels Midland Company.
Scope of the Study
Market Segments Covered in the Report:
By Pet Type
- Cat and
By Food Type
- Dry Food
- Wet Food
- Treats & Snacks and
By Sales Channel
- Pet Shops
- Supermarkets & Hypermarkets
- Online and
- Other Channels
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Unicharm Corporation (The Hartz Mountain Corporation)
- Farmina Pet Foods Holding B.V.
- Nestle S.A. (Nestle Purina)
- General Mills, Inc.
- Mars, Inc.
- The Colgate-Palmolive Company
- The Wellness Pet Company (Clearlake Capital Group, L.P.)
- Schell & Kampeter, Inc.
- Archer Daniels Midland Company
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